Arizona Real Estate Notebook

Visits Total (since June 2006) ….. 804,482 Average per Day ………….. 1,077 Average Visit Length ……… 2:53 This Week ………………….. 7,537 Page Views Total (since June 2006) ….. 1,930,859 Average per Day ………….. 2,467 Average per Visit …………. 2.3 This Week ………………… 17,268 Stats I consider any week with over 7,000 visits a big week. [...]

“Millions of Americans are now deeply underwater on their mortgage. If you’re among them, you need to stop living in a dream world and give serious thought to walking away from the debt. No, you shouldn’t feel bad about it, and you shouldn’t feel guilty. The lenders would do the same to you—in a heartbeat. [...]

Although the general consensus is (was?) that mortgage interest rates will increase after the Federal Reserve stops buying mortgage backed securities at the end of March, some believe the end of the Fed buying MBS will have little effect on mortgage interest rates. But with the relatively calm market reaction to last week’s hike of [...]

The 156-room Scottsdale Courtyard hotel set to open in 2012 will be on Pima road between Camelback Road and McDonald Drive on the Salt River Pima Maricopa Indian Community side of Pima Road.

John Burns Real Estate Consulting is a well respected national real estate economic consulting firm that focuses on new home builders as clients. They released a study last week estimating the United States has a “shadow inventory” of 5 million houses that will hit the market over the next few years. Interestingly, they estimate that [...]

The Fed is scheduled to stop buying mortgage-backed securities (MBS) at the end of March. It seems the consensus is that mortgage interest rates will increase but estimates of the size of the increase are all over the map. These estimates are taken from a post at Calculated Risk. 1% 0.75% 0.5% 1-2% 0.5-0.75% 0.5% [...]

From the New York Times; While both banks and nonbanks practice proprietary trading, only banks have a safety net in the United States. Both, however, would be subject to a resolution authority, an institution that would unwind them in case of collapse, if that idea is enacted as law. “Nonbanks by and large are not [...]

I wondered what this meant, when Freddie Mac decided to buy out more mortgages due to a change in accounting rules. Well, it turns out to be good news for home buyers and sellers! The increase in mortgage buy outs by Freddie Mac and Fannie Mae should put some downward pressure on mortgage interest rates, [...]

Well, that is apparently the conclusion of a recent Deutsche Bank report. I couldn’t find the report online but here are a few snippets from a Fortune piece comparing rents to home prices. On average, DB [Deutsche Bank] found that families across America were spending about 87% as much to rent as to own in [...]

This is a really amazing video! I’ve seen the same concept explained elsewhere but not nearly as well as here.

I just stole this from a newsletter I receive. Waiting Periods for BK/FC/SSale A common question from borrowers and homeowners these days is how long they will need to wait to buy again if a negative item appears on their credit report. Different loan programs have different disqualification periods for Bankruptcy/Foreclosure/Short Sale. Once the automatic [...]

PMI, the private mortgage insurance company, comes out with a list every quarter of areas they think have the lowest possibility of having lower home prices in the next quarter. Areas Least Likely to See Lower Home Prices Fargo ND Grand Forks ND Cedar Rapids IA Killeen TX Ames IA Morgantown WV Iowa City IA [...]